The Riverside 91 Freeway Expansion- Now is The Time to Buy in Corona and Norco!
Yes, the notoriously traffic ridden 91 Riverside freeway will be getting an additional eastbound lane by the end of 2010, which should help to ease congestion and may positively impact property values in the Inland Empire!
For many years now Orange County residents have considered making the move into Riverside County to take advantage of the affordable housing prices, particularly in the neighboring cities of Corona and Norco. However, the eastbound traffic that they would endure as they headed home for the evening was the deal breaker that kept some of these people living in smaller homes in Orange County, paying a higher mortgage each month.
That may not be a factor for much longer, as the added lane will run for approximately 6 miles spanning from the the 241 toll road to the 71 freeway. Perfect for those commuting from their Orange County jobs to their homes in Corona and Norco.
Just as the once remote and difficult to reach area of South Orange County became a highly desired and expensive place to call home, I believe that some areas of Riverside County will reap the rewards that an easier commute can afford.
This means that cities such as Corona and Norco may be in for a big value boost and now would be the time to snatch up one of these currently undervalued properties. This future potential coupled with the current high inventory and rock bottom listing prices make this THE AREA TO BUY RIGHT NOW!
Yorba Linda, California Real Estate Market Report- November 1st, 2009
Yorba Linda Active Listings= 231
Lowest priced listing in Yorba Linda = $149,000.00
Highest priced listing in Yorba Linda = $6,350,000.00
Active Listings Property Type:
Active Listings Sale Type:
Active Listings Price Range:
Yorba Linda properties in Pending & Back Up Status= 170
Pending & Back Up Status Listing Type:
Yorba Linda Properties Sold From 10/1/09-10/31/09= 62
October, 2009 Sales Type:
Lowest Oct '09 Sales Price= $190,000.00
Highest Oct '09 Sales Price= $2,300,000.00
What can you buy in Yorba Linda at these prices?:
$190,000.00=
$2,300,000.00=
*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.
Information compiled from MLS data as of November 1st, 2009
Anaheim Hills, California Real Estate Market Report- November 1st, 2009
Anaheim Hills Active Listings= 161
Lowest priced listing in Anaheim Hills = $79,900.00
Highest priced listing in Anaheim Hills = $5,000,000.00
Active Listings Property Type:
Active Listings Sale Type:
Active Listings Price Range:
Anaheim Hills properties in Pending & Back Up Status= 149
Pending & Back Up Status Listing Type:
Anaheim Hills Properties Sold From 10/1/09-10/31/09= 46
October, 2009 Sales Type:
Lowest Oct '09 Sales Price= $162,000.00
Highest Oct '09 Sales Price= $1,810,000.00
What can you buy in Anaheim Hills at these prices?:
$162,000.00=
$1,810,000.00=
*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.
Information compiled from MLS data as of November 1st, 2009
Villa Park, California Real Estate Market Report- November 1st, 2009
Villa Park Active Listings= 33
Lowest priced listing in Villa Park = $699,999.00
Highest priced listing in Villa Park = $6,499,000.00
Active Listings Property Type:
Active Listings Sale Type:
Active Listings Price Range:
Villa Park properties in Pending & Back Up Status= 15
Pending & Back Up Status Listing Type:
Villa Park Properties Sold From 10/1/09-10/31/09= 6
October, 2009 Sales Type:
Lowest Oct '09 Sales Price= $790,000.00
Highest Oct '09 Sales Price= $1,445,000.00
What can you buy in Villa Park at these prices?:
$790,000.00=
$1,445,000.00=
*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.
Information compiled from MLS data as of November 1st, 2009
Orange/Orange Park Acres, California Real Estate Market Report- November 1st, 2009
Orange/Orange Park Acres Active Listings= 277
Lowest priced listing in Orange/Orange Park Acres = $143,900.00
Highest priced listing in Orange/Orange Park Acres = $4,495,000.00
Active Listings Property Type:
Active Listings Sale Type:
Active Listings Price Range:
Orange/Orange Park Acres properties in Pending & Back Up Status= 234
Pending & Back Up Status Listing Type:
Orange/Orange Park Acres Properties Sold From 10/1/09-10/31/09= 101
October, 2009 Sales Type:
Lowest Oct '09 Sales Price= $106,900.00
Highest Oct '09 Sales Price= $1,625,000.00
What can you buy in Orange/Orange Park Acres at these prices?:
$106,900.00=
$1,625,000.00=
*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.
Information compiled from MLS data as of November 1st, 2009
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